Concorde International Group Ltd. (NASDAQ:CIGL) Sees Significant Growth in Short Interest

Concorde International Group Ltd. (NASDAQ:CIGLGet Free Report) saw a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 175,594 shares, a growth of 1,685.4% from the July 15th total of 9,835 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 6,539,049 shares, the short-interest ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Concorde International Group in a research note on Thursday, July 23rd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Concorde International Group currently has a consensus rating of “Sell”.

Get Our Latest Stock Analysis on CIGL

Concorde International Group Trading Down 17.4%

Shares of NASDAQ CIGL opened at $0.49 on Thursday. The business’s 50-day simple moving average is $0.55 and its 200-day simple moving average is $1.25. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.28 and a quick ratio of 1.28. Concorde International Group has a 52 week low of $0.36 and a 52 week high of $7.50.

Hedge Funds Weigh In On Concorde International Group

An institutional investor recently bought a new position in Concorde International Group stock. JB Capital Partners LP acquired a new position in Concorde International Group Ltd. (NASDAQ:CIGLFree Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 25,000 shares of the company’s stock, valued at approximately $1,901,000,000.

Concorde International Group Company Profile

(Get Free Report)

Concorde International Group, Inc (NASDAQ: CIGL) is a diversified holding company operating through a portfolio of subsidiaries that deliver digital asset mining solutions, strategic consulting services and security compliance offerings. Headquartered in Reno, Nevada, the company leverages its technical and advisory expertise to support clients in emerging technology sectors, traditional industries and regulated markets.

In its digital asset mining segment, Concorde International Group designs, constructs and operates high-capacity cryptocurrency mining facilities across North America.

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